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Stock impact report

Edwards calls off JenaValve buyout after court halts deal [Yahoo! Finance]

Edwards Lifesciences Corporation (EW) 
Last edwards lifesciences corporation earnings: 4/23 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.edwards.com
Company Research Source: Yahoo! Finance
Edwards Lifesciences said Friday it has dropped plans to acquire JenaValve Technology after a U.S. district court granted the Federal Trade Commission's motion for an injunction blocking the transaction. Edwards said it disagrees with the ruling, in the U.S. District Court for the District of Columbia, and believes the acquisition would have been in the best interest of a large underserved group of patients. As a result of the decision, Edwards revised its full-year 2026 adjusted per-share earnings forecast to a range of $2.90 to $3.05, up from earlier guidance of $2.80 to $2.95. In August, the FTC challenged Edwards' planned $945 million purchase of JenaValve, citing concerns that the acquisition would limit patient access to devices to treat aortic regurgitation, a potentially fatal heart condition. The move came roughly a year after Edwards announced the deal The FTC argued that Edwards' purchase of JenaValve would combine the only two companies conducting U.S. clinical tr Show less Read more
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